Profit and Loss Questions Practice Question and Answer

Q:

Two things were sold at same sale-price. One thing got 10% profit and another suffered 10% loss. The difference of their purchase price will be in multiple of which number.Tell_____. 

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  • 1
    10
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    25
    Correct
    Wrong
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Answer : 2. "20"

Q:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was the percent profit on the transaction?

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  • 1
    6.8%
    Correct
    Wrong
  • 2
    6.3%
    Correct
    Wrong
  • 3
    6.4 %
    Correct
    Wrong
  • 4
    6.6 %
    Correct
    Wrong
  • 5
    6.2%
    Correct
    Wrong
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Answer : 3. "6.4 %"

Q:

A seller gives 15% discount on an item, if he marked up the price of item 40% above C.P and while selling he cheats the buyer by giving 10% less in weight. Find this overall profit percent (approximately).

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  • 1
    32%
    Correct
    Wrong
  • 2
    69%
    Correct
    Wrong
  • 3
    45%
    Correct
    Wrong
  • 4
    89%
    Correct
    Wrong
  • 5
    97%
    Correct
    Wrong
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Answer : 1. "32%"

Q:

Bananas are bought at 3 for Rs. 2 and sold at 5 for Rs. 4. Find the gain or loss percent.

1448 0

  • 1
    25%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    30%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 2. "20% "

Q:

A drug dealer sells a tablet for 5 rupees. If he buys a tablet packet for Rs 50 and if a tablet packet contains 25 tablets, what will be his profit percentage?

1445 0

  • 1
    100%
    Correct
    Wrong
  • 2
    150%
    Correct
    Wrong
  • 3
    50 %
    Correct
    Wrong
  • 4
    200%
    Correct
    Wrong
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Answer : 2. "150%"

Q:

Two - third of a consignment was sold at a profit of 5% and the remaining at a loss of 2 %. If the total profit was Rs. 400. then the value of the consignment was

1445 0

  • 1
    Rs . 16,000
    Correct
    Wrong
  • 2
    Rs . 16,500
    Correct
    Wrong
  • 3
    Rs . 15,000
    Correct
    Wrong
  • 4
    Rs . 15,500
    Correct
    Wrong
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Answer : 3. "Rs . 15,000 "

Q:

The difference between the selling prices of an article at a profit of 15% and at a profit of 10% is Rs.10. The cost price of the article is -

1433 0

  • 1
    Rs.150
    Correct
    Wrong
  • 2
    Rs.200
    Correct
    Wrong
  • 3
    Rs.100
    Correct
    Wrong
  • 4
    Rs.120
    Correct
    Wrong
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Answer : 2. "Rs.200"

Q:

The profit on selling an article for Rs.1,100 is equal to three times the amount of loss on selling it for Rs.700. To gain 12.5%, the article must be sold for:

1428 0

  • 1
    Rs.956
    Correct
    Wrong
  • 2
    Rs.877.50
    Correct
    Wrong
  • 3
    Rs.787.50
    Correct
    Wrong
  • 4
    Rs.900
    Correct
    Wrong
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Answer : 4. "Rs.900"

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